Forum

Question about using funds on eBay after the Adyen switch
 

After the big Adyen switch happens (in the next few years), will I be able to keep and spend my funds in my eBay account rather than cashing out to a bank account?

Thought I'd ask.

Re: Question about using funds on eBay after the Adyen switch
 

No you won't.

Re: Question about using funds on eBay after the Adyen switch
 

How do you know this?

Re: Question about using funds on eBay after the Adyen switch
 

Because I'm already using it. There's no "balance" anywhere so there's nothing for you to spend. Payments clear in batches and are transferred directly to your attached bank account, just like on Amazon. You're required to add a bank account that matches the name on the account before you can even accept any payments.

Re: Question about using funds on eBay after the Adyen switch
 

Because it's not how Adyen works lol

Re: Question about using funds on eBay after the Adyen switch
 

so for stealth Ebay account holders,they cant use their real bank account as name would not match!!!!!!!!!!!

Re: Question about using funds on eBay after the Adyen switch
 

Yeah you're right!!!!!!!! :violin:

They should upgrade to business and get LLC bank accounts now, eh?

Re: Question about using funds on eBay after the Adyen switch
 

How is this practical for first time/single item sellers? For example, the average joe who just wants to sell one or two cheap items (say under $20) on ebay, every now and then.

What's the way around this then? It seems silly to do payments like that, especially for micro amounts (like $0.99 items). How do I send money to other people, like I can now with Paypal? Anyway to cashout ebay/Adyen earnings to Paypal?

How can we continue stealth?

Re: Question about using funds on eBay after the Adyen switch
 

How many accounts do you run under LLC setup.

That's the issue, many sellers here burn accounts often. Those sellers are dead.

Re: Question about using funds on eBay after the Adyen switch
 

Ya looks like the whole ayden process is meant to weed out scammers not so much people trying to get back on that we’re banned makes sense since now you need a SSN just to hold a balance in Paypal ebay is just trying to weed out all scammers and make ebay a safe trading environment which I’m all for

Re: Question about using funds on eBay after the Adyen switch
 

The truth is, eBay bans people for stupid reasons. I've had legitimate accounts of mine banned in the past for doing nothing more than selling a vero item (luxury bag), even though it was genuine and I had the original reciept. It's really ridiculous.

Re: Question about using funds on eBay after the Adyen switch
 

Nobody wants to hear it, everyone thinks there will be ways past it. The simple fact is they are requiring SSN and bank accounts to match the name on the account.

You can't bypass or ⊗⊗⊗⊗ this. Stealth WILL be dead except for people willing to steal identity info(And make bank accounts with that info, Federal crime).

I don't like hearing this stuff either. I have 10 stealth accounts, I don't churn and burn like many people do, but do like having 10 unlinked accounts for multiple reasons.

Re: Question about using funds on eBay after the Adyen switch
 

Plenty of time left :) I’m fortunate I never burned my SSN but might aswell use stealth until I have to add it to a fresh account

Re: Question about using funds on eBay after the Adyen switch
 

How exactly are they going to see the name of the bank account holder? they do not have access to that information.
If they cannot see the name of the account holder then stealth is still very much alive - perhaps not for international users though who cannot get a US based bank account so easily.

Re: Question about using funds on eBay after the Adyen switch
 

I didn't have to do micro deposits or a 3rd party "instant verify" when I added my bank into ebay managed payments.

Coinbase checks the name on your bank account. First and last name have to match or they'll reject it and tell you it's because names don't match. eBay could be using the same technology on their new payment platform.

We'll have to sit back and wait until somebody tries to add a mismatched bank account.:pop2:

Re: Question about using funds on eBay after the Adyen switch
 

It's typical for payment providers verify the bank account holder by simply making two tiny deposits into the account which they then retrieve via an ACH debit. It's during this DEBIT (pulling the funds out) the name on the bank account is revealed to the payment provider.

Read the Fedwire's ACH manual regarding ACH messages. Also any bank will tell you the same thing. When funds are PULLED from an account, the initiator will see the full name of that account holder.

Re: Question about using funds on eBay after the Adyen switch
 

Unless you send a copy of your bank state, I have a feeling that it would be hard for them to reject a different name on your account. Privacy policy comes to mind for one. So I guess we just have to wait and see what happens.

Re: Question about using funds on eBay after the Adyen switch
 

I have been hearing all along on Paypal forum,PAYPAL does reject the bank account you are trying to link when names do not match,it does not have to wait till it makes 2 deposits to your account.
John Smith must match with John Smith,not J Smith or Johnnie Smith.
But then folks on this forum keep saying it does not matter??
who are we to believe?

Re: Question about using funds on eBay after the Adyen switch
 

PayPal has long had the capability to see the same on the bank account, just as any other payment processor does.

The real question is: What would PayPal actually DO if there is a mismatch? Would they remove the account, or just do nothing? It's been my experience they don't really care, even though you are be sure they are AWARE of the mismatch.

Re: Question about using funds on eBay after the Adyen switch
 

How is this practical for first time/single item sellers? For example, the average joe who just wants to sell one or two cheap items (say under $20) on ebay, every now and then.
----------------------------
well,they just wait till AYden deposits the money into their bank account,AMZN does that when folks sell a used DVD or book.

Re: Question about using funds on eBay after the Adyen switch
 

This is a very good question, and something I have thought a lot about.

I was asking myself if people who were just selling a couple items around the house going to put up with all this crap?

I think the answer is one that many long time sellers knew all along, that eBay was becoming more like a Amazon type of marketplace that emphasises large sellers. eBay doesn't think there is any real money on the guy selling his garage sale/household items. The real money is with volume sellers.

Maybe this shift is just eBay's way of slowly whittling away the small sellers on their platform as they have been already doing for years?

Re: Question about using funds on eBay after the Adyen switch
 

Stealth will survive we’re there is a will there’s a way stay strong

Re: Question about using funds on eBay after the Adyen switch
 

No,Ayden is one way of allowing EBAY to do business with APPL Pay,GOOGLE Pay and more,not just Paypal
It has nothing to do with small sellers or big sellers.
Ebay used to own Paypal but not anymore and the contract to use Paypal exclusively is soon to expire.
small sellers will just link a bank account to get his sales proceeds,if he does not have a bank account or does not want to use a bank account,see if a Paypal MC debit card would work,the card which costs you 4.95 a month and manned by Bankcorp Bank,once you link it with your Paypal account,you can move money back and forth.
Bankcorp Bank keeps your fund in FDIC insured account ,it can also accept deposits.
But you must provide your SSN and address to get a permanent card.
check out details on both Paypal and Bankcorp bank sites.

Re: Question about using funds on eBay after the Adyen switch
 

Nahhh.. they're going bye-bye.

It's seeming like the only option for having multiple accounts will be registering multiple entities with the IRS and registering eBay accounts for them. There's nothing stealthy about that. The thing that makes stealth possible is Paypal. Paypal gives regulators the impression that they're verifying and vetting everyone who accepts payments while not really verifying anything. Ebay/Adyen on the other hand is verifying every piece of info submitted to them from what I can tell so far.

Re: Question about using funds on eBay after the Adyen switch
 

What about using stuff purchased from the dark web, to set up bank accounts online. Technically, that would still be stealth.

Re: Question about using funds on eBay after the Adyen switch
 

Well, if you put it that way, stealing the identities of real people is likely the only option there. What a slippery slope.

Re: Question about using funds on eBay after the Adyen switch
 

Yes ID theft is still an option but those aren't stealth accounts. Those would be fraudulent accounts creating tax liabilities for real people.

It would be really hard to create a fully functional stealth account on eBay managed payments using info from the dark net. You'd need to assume the identity you're stealing and have phake physical ID with your picture and SSN cards made for you. Otherwise the fraudulent bank account you buy would be very fragile at best and you probably wouldn't be able to complete the managed payments application.

LLC/corp's are a lot easier and completely legal.

Re: Question about using funds on eBay after the Adyen switch
 

originally Posted by agent006140 View Post
if he does not have a bank account or does not want to use a bank account,see if a Paypal MC debit card would work
You lost me here. The debit card issued by Paypal will be a moot point once sellers aren't able to accept payments into their Paypal accounts anymore.
--------------------------------------------------------------------
This debit card which costs 4.95 a month,bankcorp bank keeps yours and other cardholders fund in a FDIC insured account (note one account for all cardholders) but it gives you a routing number and your own sub account number within that account ,so you may be able to link that account to your Ayden account.
If this works,then this replaces the traditional bank account,this is how you can receive sales proceeds from selling used dvd on Ebay via Ayden.
Once Ayden deposits your sales proceeds into that account,if you love PAYPAL so much,then you move it to your Paypal account.
I dont have such Paypal MC debit card,but I know there are Ebay sellers out there who do,if they dont have a bank account or they dont want to use their bank account,you know state govt can look into our bank account to see if we are earning extra if we are collecting SS disability,but they cant or do not look into this card .

Re: Question about using funds on eBay after the Adyen switch
 

I saw one of those dark things got seized by Governments agencies yesterday.

You couldn't PAY ME to visit one of those sites! :lol: Unless maybe through a V P N or something lol

Re: Question about using funds on eBay after the Adyen switch
 

lol... funny, because I'm not even "in the know"!

Maybe one of these days I'll check it out. :ranger:

Re: Question about using funds on eBay after the Adyen switch
 

Why a Paypal mc wouldn’t work agent is because Paypal will be gone there won’t be a Paypal to get a card from??

Re: Question about using funds on eBay after the Adyen switch
 

why would Paypal be gone,you can still use Paypal via Ayden and there are many websites which accept Paypal?
If you have a website and you dont want to apply for a merchant account and pay the fees,then paypal is your solution,no contract to sign,but 30 Cents plus 2.9 % is high.
Paypal also is g ood for sending money overseas,if you dont mind paying Paypal conversion fee.
WMT also have a similar MC debit card,3.95 a month which can be linked to your Paypal account

Re: Question about using funds on eBay after the Adyen switch
 

so Phaz0rz the stealth accounts we have no we will be able to switch them over when ayden hits along as we get an EIN correct.

Re: Question about using funds on eBay after the Adyen switch
 

I came across one site recently where the author advised using grandma and grandpa SSN as grandma and grandpa do not use Paypal.
How would grandma and grandpa LIKE going to the mail box one day and find a letter from IRS?

Re: Question about using funds on eBay after the Adyen switch
 

Yesterday? Story source?

Re: Question about using funds on eBay after the Adyen switch
 

Phaz deleted the info. I forget what it was called. I don't follow that crap.

Re: Question about using funds on eBay after the Adyen switch
 

stealth is like the dark web we will never give up

Re: Question about using funds on eBay after the Adyen switch
 

are those aged ebay + paypal accounts not using other peoples identities? it looks like they are tied to a person...

Re: Question about using funds on eBay after the Adyen switch
 

Does a bear crap in the woods? ;)

You can bet 101% those accounts are using real identities, or at least info that PayPal can verify.

A few years back I made the mistake of buying an account from what I thought was a legitimate seller (not in this site) and the PayPal turned out to have an SSN already attached. When I asked the seller about it, he told me I should be happy because the PP is "100% verified". The seller of these accounts still sells them on a clear web site that I won't mention.

The point I'm trying to make is identity theft is up front & center these days. Sellers are slinging these accounts, and the sad thing is the buyers are either unaware, or simply don't care about using someone's name/SSN for the purpose of selling online. With the use of these accounts, those users are taking a gamble they won't be caught.

I think Adyen will be a game changer, but based on what I read thus far I don't think it's really possible to go "stealth" with those.

Re: Question about using funds on eBay after the Adyen switch
 

There will always be someone you know who does not use internet,either they are in nursing home or left the country or dont care to,dont know how .
It could be a relative or friend or acquaintance.
In recent years,more naturalised citizens and green card residents have left the country and denounced their citizenship due to US tax policy,and foreign students who return to their own country and have no intention of settling in US.